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FEDERAL RESERVE BANK OF NEW YORK Circular No. 2 2 4 6 , July 23, 1941 ~| Reference to Circulars Nos. 2129, 2131, 2132, 2144, 2171, 2182, 2183, 2185, 2187, 2188, 2194, 2195, 2207, 2208, 2216, 2219, 2221, 2222, 2223, 2226, 2229, 2232, 2233, 2238, 2241, 2242, 2244 and 2245. J Executive Order No. 8389, as Amended, and Regulations Issued Pursuant Thereto, Relating to Transactions in Foreign Exchange, Etc. To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: For your information we quote below the text of a telegram received today from the Treasury Department: The following is the text of General Ruling No. 9, issued today pursuant to Executive Order No. 8389, as amended: TREASURY DEPARTMENT Office of the Secretary July 23, 1941. GENERAL RULING NO. 9 UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC. Inquiry has been made as to whether a person within Tangiers may engage in transactions pursuant to General License No. 52 relating to Spain. General License No. 52 does not permit such transactions and, accordingly, any such transactions which are not authorized by a general license other than General License No. 52 may only be effected pursuant to a specific license. E. H. FOLEY, JR. Acting Secretary of the Treasury. Attention is directed to the fact that Tangier assets are blocked. Additional copies of this circular will be furnished upon request. ALLAN SPROUL, President.